US Dollar Slides to New Lows after Fed Cites CPI as Key to Hikes. Where to for USD?
US Dollar, DXY Index, Fed, FOMC, China, EUR/USD, GBP/USD – Talking Points The US Dollar softened today as Fed speakers put forward their case China re-opening might get a further boost from stimulus measures Risk and growth-linked assets are benefitting from the tilt. Will that sink USD? Recommended by Daniel McCarthy Get Your Free USD […]
Dollar languishes as Fed rate hike fears recede; China reopening boosts optimism By Reuters
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Rae Wee SINGAPORE (Reuters) – The U.S. dollar languished near a seven-month low against other major currencies on Tuesday, as investors took heart that the Federal Reserve may be nearing the end […]
Dollar has peaked but set for last hurrah as markets underpricing Fed tightening By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has peaked, but could be set for a last hurrah in the coming months before resuming a steeper downtrend as the Federal Reserve’s higher for longer rate regime isn’t yet priced in, according to Goldman Sachs. The , which measures the greenback against a trade-weighted basket […]
Fed’s Bostic sees a likelihood services inflation will prove stickier than Fed would want
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Dollar slips lower; Fed interest rate path, China’s reopening in focus By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, as traders reassessed the path of U.S. rate hikes in the wake of last week’s jobs report while risk appetite benefited from China reopening its borders. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
XAU/USD renews eight-month high near $1,880 on China concerns, softer US Dollar
Gold price grinds higher after refreshing multi-day high. China unlock, PBOC’s gold stocking underpins XAU/USD run-up. US Dollar bears the burden of downbeat data, mixed Fedspeak. Light calendar, cautious mood ahead of US inflation figures probe Gold buyers. Gold price (XAU/USD) rises to the highest levels since early May 2022 as the risk-on mood joins […]
Crude Oil Price Steadies the Ship Despite the Fed Staying on Course. Where to for WTI?
Crude Oil, WTI, Energy, Europe, FOMC, Fed Minutes, Contango – Talking Points Crude oil prices found some support today after solid US jobs data on Friday The Fed still have its work cut out for them and that might weigh on WTI Some structural aspects of futures could be saying something. New lows for WTI? […]
‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to get rocked,” Reis told MarketWatch on the sidelines of the American Economic Association annual meeting in New Orleans. “All the risks are on the upside. […]
US economy is definitely slowing
Atlanta Federal Reserve bank president Raphael Bostic said on Friday that how the economy evolves will shape what the Federal Reserve has to do, as reported by Reuters. Key takeaways “The US economy is definitely slowing.” “Housing and other interest rate sectors have seen significant slowing, business leaders see labor markets easing.” “It’s still not […]
Asia FX steadies as dollar rebound slows ahead of Fed minutes By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was […]